S 1046 ยท No Tax On Overtime Act of 2025
Read twice and referred to the Committee on Finance.
- Introduced
- Mar 13, 2025
- Latest action
- Mar 13, 2025
- Sponsor
- Sen. Josh Hawley [R-MO]
- Policy area
- Taxation
- Cosponsors
- 0
Summary
No Tax On Overtime Act of 2025 This bill excludes from gross income for federal income tax purposes overtime compensation paid for hours worked in excess of 40 hours per week (as required by the Fair Labor Standards Act of 1938). Under current law, overtime compensation paid to a taxpayer is included in gross income for purposes of calculating federal income taxes.
Recent actions
- Mar 13, 2025 Read twice and referred to the Committee on Finance.
- Mar 13, 2025 Introduced in Senate
Votes
No recorded votes are available for this bill.